Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1976 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1976 (5) TMI 22 - AT - Income TaxExtract: .......the status of the respective partners, who jointed the firm i.e., the Karta of the HUF. In our opinion, the disallowance of interest paid by the firm to Shri Pratap Narain and Shri Triyugi Narain in their individual accounts on their respective credits advanced to the firm was not justified. We accordingly delete the some. 6. The appeal is allowed.
|